REIN4CED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
REIN4CED
NACE 22.260, Manufacture of rubber and plastic products
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€5.4m
2023 · -€5.8m+€429,555
Equity
€58,052
2023 · €5.8m-€5.7m
Cash
€263,998
2023 · €483,612-€219,614
Balance sheet total
€9.2m
2023 · €11.2m-€2.0m
Largest movements
Assets
- Tangible fixed assets -€1.0m
down €1.0m (-18.7%), from €5.5m to €4.5m
of which Leasing and similar rights: -€619,989
- Receivables within one year -€470,670
down €470,670 (-42.2%), from €1.1m to €643,413
of which Other amounts receivable: -€420,791
- Cash -€219,614
down €219,614 (-45.4%), from €483,612 to €263,998
mainly Net result for the year (-€5.4m) and Investment in fixed assets (net) (-€1.3m)
- Intangible fixed assets -€170,025
down €170,025 (-5.2%), from €3.3m to €3.1m
Equity and liabilities
- Profit (loss) carried forward -€5.4m
down €5.4m (-32.4%), from -€16.7m to -€22.1m
- Current portion of long-term debt +€4.4m
up €4.4m (+591.2%), from €749,223 to €5.2m
- Debts after one year -€624,950
down €624,950 (-32.5%), from €1.9m to €1.3m
- Investment grants -€290,953
down €290,953 (-24.2%), from €1.2m to €911,051
- Tax, wage and social debts -€142,959
down €142,959 (-36.4%), from €392,376 to €249,417
of which Remuneration and social security: -€142,959
Income statement
- Staff costs -€753,901
down €753,901 (-24.1%), from €3.1m to €2.4m
- Financial charges +€276,739
up €276,739 (+138.9%), from €199,298 to €476,037
- Depreciation +€210,923
up €210,923 (+8.9%), from €2.4m to €2.6m
- Gross operating margin +€95,999
up €95,999 (+34.0%), from -€282,517 to -€186,519
- Other operating charges -€51,164
down €51,164 (-66.3%), from €77,225 to €26,061
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
-€5.8m
Gross operating margin
+€95,999
Staff costs
+€753,901
Depreciation
-€210,923
Write-downs
+€3,890
Provisions
+€19,530
Other operating charges
+€51,164
Other operating items
+€7,140
Financial income
-€2,476
Financial charges
-€276,739
Taxes
-€11,932
Result 2024
-€5.4m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€2.5m
Investment
-€1.3m
Financing
+€3.5m
Cash 2023
€483,612
From operations (derived)
-€2.5m
Net result for the year
-€5.4m
Depreciation
+€2.6m
Smaller working-capital items
-€18,320
Stocks and contracts
-€15,659
Receivables within one year
+€470,670
Provisions
+€37,231
Trade debts
+€71,235
Tax, wage and social debts
-€142,959
Accrued charges and deferred income
-€37,964
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€3.5m
Debts after one year
-€624,950
Current portion of long-term debt
+€4.4m
Short-term financial debts
+€16,797
Contributions, distributions and other
-€290,953
Cash 2024
€263,998
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,158,381 | €9,206,446 | -€2.0m | -17.5% |
| Fixed assets | 21/28 | €8,942,897 | €7,647,266 | -€1.3m | -14.5% |
| Intangible fixed assets | 21 | €3,271,589 | €3,101,564 | -€170,025 | -5.2% |
| Tangible fixed assets | 22/27 | €5,539,558 | €4,502,951 | -€1.0m | -18.7% |
| Plant, machinery and equipment | 23 | €1,922,905 | €1,552,831 | -€370,074 | -19.2% |
| Furniture and vehicles | 24 | €2,141 | €4,033 | +€1,892 | +88.4% |
| Leasing and similar rights | 25 | €3,369,927 | €2,749,939 | -€619,989 | -18.4% |
| Other tangible fixed assets | 26 | €241,606 | €196,148 | -€45,458 | -18.8% |
| Assets under construction and advance payments | 27 | €2,978 | €0 | -€2,978 | -100.0% |
| Financial fixed assets | 28 | €131,750 | €42,750 | -€89,000 | -67.6% |
| Current assets | 29/58 | €2,215,485 | €1,559,180 | -€656,304 | -29.6% |
| Amounts receivable after more than one year | 29 | €191,961 | €198,899 | +€6,938 | +3.6% |
| Other amounts receivable | 291 | €191,961 | €198,899 | +€6,938 | +3.6% |
| Stocks and contracts in progress | 3 | €395,849 | €411,508 | +€15,659 | +4.0% |
| Stocks | 30/36 | €254,240 | €108,583 | -€145,658 | -57.3% |
| Contracts in progress | 37 | €141,609 | €302,926 | +€161,317 | +113.9% |
| Amounts receivable within one year | 40/41 | €1,114,083 | €643,413 | -€470,670 | -42.2% |
| Trade receivables | 40 | €354,904 | €305,026 | -€49,878 | -14.1% |
| Other amounts receivable | 41 | €759,179 | €338,388 | -€420,791 | -55.4% |
| Cash at bank and in hand | 54/58 | €483,612 | €263,998 | -€219,614 | -45.4% |
| Deferred charges and accrued income | 490/1 | €29,979 | €41,361 | +€11,383 | +38.0% |
| Total equity and liabilities | 10/49 | €11,158,381 | €9,206,446 | -€2.0m | -17.5% |
| Equity | 10/15 | €5,759,099 | €58,052 | -€5.7m | -99.0% |
| Contributions | 10/11 | €21,278,528 | €21,278,528 | = | 0.0% |
| Capital | 10 | €399,219 | €399,219 | = | 0.0% |
| Issued capital | 100 | €399,219 | €399,219 | = | 0.0% |
| Contributions outside capital | 11 | €20,879,309 | €20,879,309 | = | 0.0% |
| Share premium | 1100/10 | €20,879,309 | €20,879,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,721,433 | -€22,131,527 | -€5.4m | -32.4% |
| Investment grants | 15 | €1,202,004 | €911,051 | -€290,953 | -24.2% |
| Provisions and deferred taxes | 16 | €56,762 | €93,993 | +€37,231 | +65.6% |
| Provisions for liabilities and charges | 160/5 | €56,762 | €93,993 | +€37,231 | +65.6% |
| Other liabilities and charges | 164/5 | €56,762 | €93,993 | +€37,231 | +65.6% |
| Amounts payable | 17/49 | €5,342,521 | €9,054,401 | +€3.7m | +69.5% |
| Amounts payable after more than one year | 17 | €1,922,610 | €1,297,660 | -€624,950 | -32.5% |
| Financial debts | 170/4 | €1,922,610 | €1,297,660 | -€624,950 | -32.5% |
| Amounts payable within one year | 42/48 | €3,381,947 | €7,756,740 | +€4.4m | +129.4% |
| Current portion of amounts payable after more than one year | 42 | €749,223 | €5,178,943 | +€4.4m | +591.2% |
| Financial debts | 43 | €1,750,000 | €1,766,797 | +€16,797 | +1.0% |
| Credit institutions | 430/8 | €1,750,000 | €1,766,797 | +€16,797 | +1.0% |
| Trade debts | 44 | €490,348 | €561,583 | +€71,235 | +14.5% |
| Suppliers | 440/4 | €490,348 | €561,583 | +€71,235 | +14.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €392,376 | €249,417 | -€142,959 | -36.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €392,376 | €249,417 | -€142,959 | -36.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €37,964 | €0 | -€37,964 | -100.0% |
| Non-recurring operating income | 76A | - | €2,441 | +€2,441 | |
| Remuneration, social security and pensions | 62 | €3,128,815 | €2,374,914 | -€753,901 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,365,148 | €2,576,072 | +€210,923 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,890 | €0 | -€3,890 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €56,762 | €37,231 | -€19,530 | -34.4% |
| Other operating charges | 640/8 | €77,225 | €26,061 | -€51,164 | -66.3% |
| Non-recurring operating charges | 66A | €7,140 | €0 | -€7,140 | -100.0% |
| Gross operating margin | 9900 | -€282,517 | -€186,519 | +€95,999 | +34.0% |
| Operating profit (loss) | 9901 | -€5,921,498 | -€5,200,796 | +€720,702 | +12.2% |
| Financial income | 75/76B | €226,378 | €223,902 | -€2,476 | -1.1% |
| Recurring financial income | 75 | €226,378 | €223,902 | -€2,476 | -1.1% |
| Financial charges | 65/66B | €199,298 | €476,037 | +€276,739 | +138.9% |
| Recurring financial charges | 65 | €199,298 | €476,037 | +€276,739 | +138.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,894,418 | -€5,452,932 | +€441,487 | +7.5% |
| Income taxes | 67/77 | -€54,770 | -€42,838 | +€11,932 | +21.8% |
| Profit (loss) for the period | 9904 | -€5,839,648 | -€5,410,093 | +€429,555 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,839,648 | -€5,410,093 | +€429,555 | +7.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.